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Global demand for lead and zinc to rise in 2014 and 2015

Global demand for refined lead and zinc is forecast to rise in 2014 and 2015, with demand projected to outstrip supply for both metals.

According to the Lisbon-based International Lead and Zinc Study Group, Global demand for refined lead is expected to increase 1.4% to 11.3 MT in 2014 and 2.1% to 11.6 MT in 2015. Refined zinc demand will rise 5.1% to 13.7 MT this year and 2.9% to 14.1 MT next year.

ILZSG estimated a refined lead deficit of 38,000 tonnes in 2014 and 23,000 tonnes in 2015, while refined zinc demand is expected to exceed supply by 403,000 tonnes in 2014 and 366,000 tonnes the following year.

World lead mine production is forecast to rise 2.4% to 5.56 MT in 2014 and 5.5% to 5.87 MT in 2015. Refined lead output, meanwhile, is projected to increase 1.5% to 11.3 MT in 2014 and 2.2% to 11.5 MT in 2015.

World zinc mine production is forecast to increase 1% to 13.3 MT in 2014 and 3.6% to 13.8 MT in 2015, mainly due to a rise in production in China. Global refined zinc production is anticipated to grow 2.9% to 13.3 MT in 2014 and 3.3% to 13.7 MT in 2015.

Source – Business News Americas

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